AT&T may have to sell CNN to merge with Time Warner

AT&T may have to sell CNN to merge with Time Warner

AT&T may have to sell CNN to merge with Time Warner

Earlier this week, reports surfaced that the DOJ had told AT&T officials that they would like the company to divest DirecTV or Time Warner's Turner networks to secure approval. AT&T has said it wants to disrupt "entrenched pay TV models".

Trump on Saturday also maintained he had not been involved.

"I have never been instructed by the White House on this or any other transaction under review by the antitrust division", Makan Delrahim said in a statement Thursday. "So we'll see - that probably ends up being litigation maybe not, we'll see how it all plays out".

Trump's vocal criticism of CNN has hardly abated since he became president, and he has repeatedly accused the network of publishing "fake news" reports about him and his administration, and has even shared a video of himself attacking a CNN avatar on Twitter. The Wall Street Journal has revealed that Kushner was particularly very annoyed with the cable news agency's "fact-checking" during the presidential campaign. Ginsberg rejected the suggestion.

The head of the DOJ's antitrust division denied that the White House is involved in the transaction. Delrahim, a Trump supporter, was recently confirmed to lead the government's antitrust efforts after a stint as a top White House lawyer. "I do feel you should have as many news outlets as you can-especially since so many are fake".

This file combination of pictures shows an AT&T cellphone store (TOP) in Springfield, Virginia, on October 23, 2014, and the Time Warner company logo on the front of the headquarters building, 24 November, 2003 in NY.

The 21st Century Fox chairman has called AT&T's CEO twice in the past six months offering to buy CNN, Reuters reported Friday, citing sources.

Another source, however, told Reuters that Murdoch has "zero interest" in acquiring CNN. AT&T announced plans a year ago to purchase Time Warner to create a juggernaut with more than 142 million mobile subscribers and a major player in pay TV broadcasting via DirecTV.

Stephenson, speaking at the New York Times Dealbook conference, expressed frustration that approval for the $85.4 billion deal had dragged on for more than a year and said it is time to reach a negotiated settlement or go to litigation.

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